CANADA · SINCE 1995
Constellation Software
100x+
share price growth since its 2006 IPO
1,000+ vertical market businesses acquired and held. The reference model for permanent-capital tech consolidation.
PROFITABLE COMPANIES · VERTICAL TECH · LATIN AMERICA
R53 acquires and builds profitable, mid-market vertical tech companies across Latin America — businesses too sensible for venture capital and still too early for private equity.
01 — THESIS
Across Latin America there are hundreds of tech companies that grow steadily, generate cash and serve their industries deeply. Investors call them great businesses — then pass, because they don’t promise hypergrowth or aren’t yet big enough for a buyout.
Their founders are left with bank debt or nothing. R53 exists for them: a permanent-capital partner for the real economy, in a landscape dominated by deeptech bets and traditional venture.
TARGET UNIVERSE
150–1,100
profitable vertical tech companies in Latin America that fit our lens
COMBINED VALUE
USD 0.5–3B
estimated enterprise value, largely outside the reach of today’s capital
FUND
USD 20M
evergreen vehicle, first phase of USD 5M
02 — PROVEN MODEL
Buying and holding profitable vertical tech businesses — and running them well — has created extraordinary long-term value in North America and Europe. No one has done it at scale for Latin America’s mid-market.
CANADA · SINCE 1995
100x+
share price growth since its 2006 IPO
1,000+ vertical market businesses acquired and held. The reference model for permanent-capital tech consolidation.
ITALY · SINCE 2013
USD 11B
valuation in its 2025 funding round
Acquires established digital products — Evernote, WeTransfer, Vimeo — and makes them more efficient and profitable.
EUROPE · LISTED 2021
EUR 1B+
annual revenue from European vertical tech
Spun out of Constellation to apply the same playbook region by region — proof the model travels.
SWEDEN · LISTED 2014
200+
niche-leading subsidiaries in its group
A decentralized serial acquirer: founders keep running their companies inside a long-term owner.
Figures are approximate and drawn from public reports and press. R53 is not affiliated with these companies. Past results of other companies do not indicate future returns.
03 — WHAT WE LOOK FOR
ARR
USD 300K–3M+
Recurring revenue from a vertical niche the company knows deeply.
GROWTH
>12% a year
Sustained over the last two years — steady, not forced.
PROFITABILITY
19%+ EBITDA
Cash-generative businesses that fund their own operations.
RETENTION
<15% churn
Customers who stay because the product runs their business.
DIVERSIFICATION
No client >20%
Revenue spread across a healthy customer base.
OPERATIONS
Documented
Standardized processes that don’t live only in the founder’s head.
04 — HOW WE PARTNER
I.
Majority partnership
We take control positions, giving founders liquidity today while keeping them in the business through rollover equity and earn-outs tied to performance.
II.
Buy and build
Each company joins a growing group of vertical tech businesses, gaining shared capabilities, operating playbooks and a peer network of founder-operators.
III.
Permanent capital
As an evergreen vehicle, we aren’t forced to sell on a fund clock. We hold, compound and decide on timing with the business in mind.
IV.
A bridge forward
We prepare companies to reach private equity or strategic buyers — with the scale, governance and reporting those buyers expect.
05 — TEAM
Andrés Alonso
Co-founder
Founder-operator of a profitable B2B tech company since 2019. Co-founded and exited a tech company (2021). Investor and coach.
Santiago Rojas
Strategic Partner
Cube Ventures and Meridian75 co-founder and manager. 4x founder, with 1 exit and millions of dollars raised for Latam Investment.
Leonardo Quiñonez
Co-founder, Finance
MBA in corporate finance. Expert in Financial modeling, deal structuring and Investor Relations in emerging markets.
Founders exploring their next chapter and investors interested in impact capital for Latin America’s real economy — we’d like to hear from you.